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TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - Largo Resources Ltd. (TSX VENTURE:LGO.V - News), ("Largo" or the "Company") is pleased to welcome Mr. Ken Kuchling, P.Eng to the position of Vice President of Engineering for the Company.

Mr. Kuchling brings with him over 30 years experience in engineering, mining operations and consulting across a variety of commodities including tungsten, bauxite, nickel, molybdenum as well as gold, copper and diamonds. Throughout his career he has had direct involvement in scoping and feasibility studies, project management, 43-101 technical reports, mine design, and environmental permitting. Mr Kuchling has project experience working in various locations including Canada, Alaska, Suriname, Russia, South Korea, Italy, Spain, Argentina, and Senegal. He was most notably involved in the design stage and environmental permitting of the Diavik Diamond Project in the North West Territories as well as in the evaluation of tungsten projects in South Korea.

Mr. Kuchling is a mining engineering graduate from McGill University and holds a Masters of Mine Engineering from University of British Columbia. He is also a member of Professional Engineers Ontario (PEO).

Mark Brennan, President and Chief Executive Officer to Largo stated: "We are excited to welcome Ken to the Largo management team. We believe that his combined experience as an operational engineer and his familiarity with project development in the northern territories of Canada will be especially valuable as we progress the Northern Dancer Project through the feasibility stage."

Mr Kuchling was granted 200,000 options of the Company upon his appointment. The options have an exercise price of $0.295 and shall expire five years from the date of grant. The options shall vest over a two year period, with 1/3 of the options vesting on the date of grant and 1/3 of the options vesting on each of the first and second anniversaries of the date of grant thereafter. The options are subject to the four month regulatory hold period. The grant of options is subject to regulatory approval.

About Largo

Largo is a Canadian-based mineral resource exploration and development company focused on creating a world leading strategic metals company. The Company currently holds a 90% interest in the Maracas Vanadium Project, a 100% interest in the Currais Novos Tungsten Tailing Project, a 100% interest in the Campo Alegre de Lourdes Iron-Vanadium Project, all in Brazil, and a 100% interest in the Northern Dancer Tungsten-Molybdenum property located in the Yukon Territory, Canada. The immediate goal of the Company is to develop the Maracas Vanadium Project by Q1 2013 and continue ramping up production of WO3 concentrate from the reprocessing of tungsten tailings from Currais Novos where the first commercial shipment was completed in December 2011. Largo has a very skilled management team both in Canada and Brazil with the ability to advance these projects.

Largo is listed on the TSX Venture Exchange under the symbol "LGO".

For more information please refer to Largo's website: www.largoresources.com.

Disclaimer

This press release contains forward-looking information under Canadian securities legislation. Forward-looking information includes, but is not limited to, the anticipated impact of the appointment on the Company's future success, the effect of the Company's projects on the Company's future financial and operational success, the timing and amount of future exploration work to be conducted on the properties, and the timing of production at the Company's Currais Novos project. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made. Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Largo to be materially different from those expressed or implied by such forward-looking statements, including but not limited to those risks described in the annual information form of Largo and in its public documents filed on SEDAR from time to time. Although management of Largo has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Largo does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE (NOR ITS REGULATORY SERVICE PROVIDER) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

Contacts

Mark Brennan
Largo Resources Ltd.
President & CEO
(416) 861-5886
[email protected]

Darcie Ladd
Largo Resources Ltd.
Manager Business Development
(416) 861-5938
[email protected]
www.largoresources.com